logo
Share SHARE
FONT-SIZE Plus   Neg

Nu Skin Enterprises Expects Q4 Revenue To Rise By 19% YoY - Quick Facts

Nu Skin Enterprises, Inc. (NUS) Wednesday announced anticipated results for the fourth quarter. The company currently expects fourth-quarter per share earnings to be in a range between $0.94 and $0.96. Quarterly revenue is expected to touch about $588 million, representing a increase of 19 percent from the prior year. The company added that the impact of foreign currency exchange on revenue shall be negligible for the latest fourth quarter.

On average, 8 analysts polled by Thomson Reuters expect the company to earn $0.83 per share on revenues of 531.57 million for the quarter. Analysts' estimates typically exclude special items.

Truman Hunt, president and chief executive stated, "As a result of the efforts of our sales leaders and corporate personnel around the world, revenue growth will be 19 percent in the fourth quarter, surpassing prior revenue guidance by $58 million."

In addition, Nu Skin repurchased $200 million of its stock during the year, constituting nearly 7 percent of its total shares outstanding.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
German conglomerate Bayer AG said it has made an all-cash offer to acquire U.S. competitor Monsanto for $122 per share or an aggregate value of $62 billion. Bayer expects the deal to reinforce it as a Life Science company with a deepened position. Responding to recent media reports, agricultural products giant Monsanto recently had disclosed that it had received an unsolicited proposal from Bayer. Agricultural machinery maker Deere & Co. reported Friday lower profit in its second quarter, reflecting weak equipment sales. Profit and net sales, however, topped analysts' estimates. Further, the company cut its forecast for fiscal 2016 profit, while updated sales view. Failing to find a buyer, the bankrupt retailer Sports Authority decided to close its remaining stores, and the brand will cease to exist. Sports Authority, once the nation's largest sporting goods retailer, said it plans to conduct going-out-of-business sales at all of its locations that weren't already slated to close, according to a new bankruptcy court filing in Delaware.
comments powered by Disqus
Follow RTT